Campbell Soup Co. (NYSE:CPB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Campbell Soup Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.71% to $0.62 in the quarter versus EPS of $0.56 in the year-earlier quarter.
Revenue: Rose 14.99% to $2.09 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Campbell Soup Co. reported adjusted EPS income of $0.62 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $2.04 billion.
Quoting Management: Denise Morrison, Campbell’s President and Chief Executive Officer, said, “I am very pleased by our results in the third quarter and the strong performances by a number of our key businesses. In U.S. Soup, our condensed, ready-to-serve soups and broth businesses delivered double-digit sales growth. Global Baking and Snacking also posted solid top-line growth across Pepperidge Farm crackers, cookies and bakery, as well as in Arnott’s biscuits. At Bolthouse Farms, we delivered another quarter of strong results in super-premium beverages, carrots and salad dressings.”
Key Stats (on next page)…